Embark Early Education (ASX:EVO) Debt-to-Equity : 0.94 (As of Dec. 2023)

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What is Embark Early Education Debt-to-Equity?

Embark Early Education's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.84 Mil. Embark Early Education's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$62.24 Mil. Embark Early Education's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$72.81 Mil. Embark Early Education's debt to equity for the quarter that ended in Dec. 2023 was 0.93.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Embark Early Education's Debt-to-Equity or its related term are showing as below:

ASX:EVO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.94 Max: 2.28
Current: 0.94

During the past 8 years, the highest Debt-to-Equity Ratio of Embark Early Education was 2.28. The lowest was 0.12. And the median was 0.94.

ASX:EVO's Debt-to-Equity is ranked worse than
74.44% of 223 companies
in the Education industry
Industry Median: 0.35 vs ASX:EVO: 0.94

Embark Early Education Debt-to-Equity Historical Data

The historical data trend for Embark Early Education's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Embark Early Education Debt-to-Equity Chart

Embark Early Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.07

2.28

1.96

0.94

Embark Early Education Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												1.96	1.90	0.94	0.92	0.94

Competitive Comparison of Embark Early Education's Debt-to-Equity

For the Education & Training Services subindustry, Embark Early Education's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Embark Early Education's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Embark Early Education's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Embark Early Education's Debt-to-Equity falls into.

Embark Early Education Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Embark Early Education's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.837	+	62.238)	/	72.808
	=	0.93

Embark Early Education's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.837	+	62.238)	/	72.808
	=	0.93

Embark Early Education (ASX:EVO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Embark Early Education Debt-to-Equity Related Terms

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Embark Early Education (ASX:EVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Embark Early Education Ltd (ASX:EVO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

120-122 Siganto Drive, Suite 102, Level 1, M1 Connect Business Hub, Helensvale, Gold Coast, QLD, AUS, 4212

Website

https://www.embarkeducation.com.au

Embark Early Education Ltd is a company that is engaged in the provision and management of an early childhood education service that gives parents and caregivers the option of which service suits their child's learning and care needs. The Group reports operating segments by geographical location, namely New Zealand and Australia. The majority of revenue is from the New Zealand segment. The principal activities of the Company include the management of high-quality early childhood education centres.